Sometimes you just dodge a bullet. A little over a year ago, I congratulated Hashicorp on going public and mused a little about buying shares.
However, I did not because the valuation seemed a little high. Based on this chart, I would say that’s a correct assessment.
I’ve missed on my share of stocks. The one I really blew was Coupang. I fell for that one hook line and sinker. Part of my problem there was that I’ve been to Seoul a couple of times in the past five years or so and really like it. Lots of energy and an interesting vibe. But I really don’t know much about South Korea’s retail markets and went with the “Amazon of …” hype.
An expensive lesson but I think I’ve learned it now: Understand what you put your money in. If in doubt, go with the S&P 500 index.